On June 14th, the first batch of ETFs investing in the Saudi Arabian market within China were officially approved - the Huatai Bairui Nanfang Dongying Saudi Arabia ETF (QDII) and the Nanfang Fund Nanfang Dongying Saudi Arabia ETF (QDII). The products adopt a model of mutual listing between mainland exchanges and the Hong Kong Stock Exchange, and by investing in the Nanfang Dongying Saudi Arabia ETF, they closely track the FTSE Saudi Arabia Index, opening the door to the Saudi capital market for domestic investors. In November of last year, the Nanfang Dongying Saudi Arabia ETF was listed on the Hong Kong Stock Exchange. As the first ETF in the Asia-Pacific region to track the Saudi stock market, the Nanfang Dongying Saudi Arabia ETF provided global investors with an excellent opportunity to directly participate in the Saudi capital market. In December of the same year, Huatai Bairui Fund submitted the Huatai Bairui Nanfang Dongying Saudi Arabia Exchange Traded Open-end Index Securities Investment Fund (QDII), taking the first step for domestic public offering products to directly invest in the Saudi market. Following that, in March of this year, the Nanfang Fund also submitted the Nanfang Fund Nanfang Dongying Saudi Arabia Exchange Traded Open-end Index Securities Investment Fund (QDII), becoming the second ETF to be submitted for investment in the Saudi Arabian stock market and listed for trading domestically. Data shows that the target index of these two products - the FTSE Saudi Arabia Index - covers over 50 large and medium-sized listed companies in Saudi Arabia. The top five weighting stocks include Rajhi Bank, Saudi National Bank, Saudi Aramco (the fourth largest enterprise globally by market value), Saudi Electricity Company, a global leader in new energy, and Saudi Basic Industries Corporation, a globally renowned chemical industry enterprise, among others. In terms of industry distribution, the index components cover industries such as finance, raw materials, energy, utilities, and communication, with weightings of 41.6%, 17.2%, 9.2%, 8.5%, and 7.5% respectively. The dominant industries are actually the financial sector mainly composed of banks and the raw materials sector represented by the chemical industry, which is highly relevant to Saudi Arabia's overall economic structure. As the world's largest oil exporter, Saudi Arabia has attracted global attention due to the scarcity, stability, and growth potential of its market. With a strong economic growth momentum, Saudi Arabia has attracted the attention of global investors. The Saudi Stock Exchange is the third largest exchange in emerging markets, and in recent years, with a thriving IPO market, increasing foreign ownership, and rising institutional participation, Saudi Arabia has been included in the emerging market indices of three major index providers - MSCI, S&P Dow Jones, and FTSE Russell, thereby receiving significant passive fund inflows.